Grip Security is a technology company.
Grip Security has raised $66.0M across 3 funding rounds.
Grip Security has raised $66.0M in total across 3 funding rounds.
Grip Security is a cybersecurity company that builds a SaaS Security Control Plane (SSCP), an agentless platform providing complete visibility and control over SaaS applications, identities, and risks across organizations.[1][2][4][5] It serves enterprise security teams, CISOs, and IT departments by solving SaaS sprawl, shadow IT, shadow AI, rogue accounts, and identity risks like misconfigurations, stolen credentials, and unauthorized access—securing over 80 million SaaS accounts, millions of identities, and 100,000+ applications.[2][4][5] Key strengths include zero-touch discovery in 10 minutes, dynamic risk prioritization, automated remediation, data loss prevention (DLP), and integrations with tools like IAM, SIEM, EDR, and SOAR, enabling fast deployment and compliance with regulations such as GDPR and CCPA.[1][2][5] The platform excels in real-time monitoring, OAuth risk detection, and enforcing policies without disrupting user productivity, positioning Grip as a leader in SaaS-identity risk management amid exploding SaaS adoption.[3][4]
Grip Security emerged as a pioneer in addressing the hidden risks of unmanaged SaaS proliferation, where 85% of SaaS usage evades IT visibility and 61% of breaches stem from stolen credentials.[4][7] While specific founders are not detailed in available sources, the company was founded to tackle SaaS-identity risk management, focusing on identity assets rather than just people, with early emphasis on agentless discovery and historic risk graphing.[1][3][6] Pivotal traction came from rapid deployment capabilities and real-world validation: Fortune 500 CISOs and directors at firms like NFP and PDS Health praised its effortless activation, superior visibility beyond IAM/CASB tools, and automation of SaaS risk management—outpacing competitors in shadow SaaS/AI detection.[4][5] By 2024-2025, Grip had scaled to protect massive volumes of accounts and apps, riding the wave of AI sprawl and SaaS misconfigurations.[2][4][7]
Grip stands out in the crowded SaaS security market through these key advantages:
Grip rides the SaaS sprawl and AI explosion trend, where unmanaged apps (16% unused but connected) and identity attacks fuel 61% of breaches, amplified by hybrid work and cloud proliferation.[4][7] Timing is ideal post-2024, as regulations like GDPR/CCPA demand continuous compliance amid AI tools evading oversight—Grip's SSCP fills gaps left by legacy IAM/CASB, providing end-to-end control over the "SaaS-identity attack surface."[1][2][5][6] Market forces favoring Grip include rising CISO budgets for automated, unified platforms amid tool fatigue, with its quick wins (e.g., full visibility automation) influencing ecosystems by enabling secure innovation—empowering teams while mitigating risks no other solution fully addresses.[4][5] This positions Grip as a catalyst in maturing SaaS security, bridging identity fabrics across enterprises.
Grip's momentum—protecting massive scales with effortless, comprehensive control—signals strong growth in a market flooded by AI/SaaS risks, likely expanding via deeper AI threat detection and global compliance features.[2][4][5] Trends like zero-trust identity and automated security orchestration will propel it, potentially through partnerships or acquisitions enhancing its stack integrations. As SaaS becomes the enterprise norm, Grip could evolve into the de facto control plane, influencing standards for identity-centric security and delivering sustained advantages for forward-thinking CISOs. This aligns with its core promise: securing the invisible majority of SaaS usage to unlock confident scaling.[3][4]
Grip Security has raised $66.0M in total across 3 funding rounds.
Grip Security's investors include B Capital Group, Cisco Investments, Intel Capital, YL Ventures, Accel, Blu Venture Investors, Cyberstarts VC, Dawn Capital, Edison Partners, Forgepoint Capital, Openview Venture Partners, Ten Eleven Ventures.
Grip Security has raised $66.0M across 3 funding rounds. Most recently, it raised $41.0M Series B in August 2023.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Aug 1, 2023 | $41.0M Series B | B Capital Group, Cisco Investments, Intel Capital, YL Ventures | |
| Dec 1, 2021 | $19.0M Series A | B Capital Group, Cisco Investments, Intel Capital, YL Ventures | |
| Apr 1, 2021 | $6.0M Seed | Accel, B Capital Group, Blu Venture Investors, Cisco Investments, Cyberstarts VC, Dawn Capital, Edison Partners, Forgepoint Capital, Openview Venture Partners, Ten Eleven Ventures, YL Ventures |